By William Gullotti
Buffalo, N.Y., Feb. 22 – JPMorgan Chase Financial Co. LLC priced $10.4 million of 0% digital notes due March 19, 2025 linked to the performance of a WTI Crude Oil Futures Contract, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the commodity finishes at or above 80% of its initial level, payout at maturity will be par plus 16.9%.
Otherwise, investors will lose 1.25% for each 1% decline beyond 20%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital notes
|
| Underlying commodity: | WTI Crude Oil Futures Contract
|
| Amount: | $10,403,000
|
| Maturity: | March 19, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 16.9% unless commodity falls by more than 20%, in which case 1.25% loss for each 1% decline beyond 20%
|
| Initial level: | $76.64
|
| Buffer level: | 80% of initial level
|
| Pricing date: | Feb. 14
|
| Settlement date: | Feb. 22
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.09%
|
| Cusip: | 48133W3B2
|
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